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Showing posts from July, 2023

Disney’s Iger Hires 2 Former Heirs Apparent for Advice

Robert Iger has reportedly brought in two former heirs apparent, Kevin Mayer and Thomas Staggs, for advice, renewing focus on succession at the media giant. source https://www.nytimes.com/2023/07/31/business/dealbook/disney-iger-mayer-staggs.html

China Details Plans to Stimulate Consumer Spending

The central government listed measures aimed at prodding people to open up their wallets, but absent was how much it will spend to support the stimulus plan. source https://www.nytimes.com/2023/07/31/business/china-economy-consumer-stimulus.html

Russia’s Wartime Spending Raises Fears of an Economic Bubble

The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability. source https://www.nytimes.com/2023/07/31/world/europe/russia-war-economy.html

Who Paid for a Mysterious Spy Tool? The F.B.I., an F.B.I. Inquiry Found

After a Times report, the bureau canceled its contract with a government contractor that used the tool on its behalf. But questions remain. source https://www.nytimes.com/2023/07/31/us/politics/nso-spy-tool-landmark-fbi.html

Why Austria Is Struggling to Break Away From Russian Gas

Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine. source https://www.nytimes.com/2023/07/31/business/energy-environment/austria-natural-gas-russia.html

‘X’ on Twitter’s Headquarters Faces Investigation Over Permit Violations

An “X” sign, installed on the roof of the company’s headquarters in San Francisco as part of its rebranding, lacked proper permits, officials said. source https://www.nytimes.com/2023/07/30/business/media/x-logo-twitter-san-francisco.html

Trump’s $475 Million Defamation Suit Against CNN Is Dismissed

The network’s statements were opinion, the ruling said, and did not support a claim of libel and slander. source https://www.nytimes.com/2023/07/30/business/media/trump-cnn-lawsuit.html

Judge Rejects Johnson & Johnson’s Effort to Limit Talc-Related Liabilities

A bankruptcy court’s ruling was the second time the company was rebuffed in its attempt to settle thousands of lawsuits that claim its products caused cancer. source https://www.nytimes.com/2023/07/30/business/johnson-johnson-talc-baby-powder-lawsuit.html

Insie the Party Switch that Blew Up North Carolina Politics

Tricia Cotham, a Democrat who supported abortion rights, was encouraged to run for a state House seat by powerful Republicans. After she was elected, she joined them and delivered a G.O.P. supermajority. source https://www.nytimes.com/2023/07/30/business/inside-the-party-switch-that-blew-up-north-carolina-politics.html

Russia Takes Its Ukraine Information War Into Video Games

Propaganda is appearing in Minecraft and other popular games and discussion groups as the Kremlin tries to win over new audiences. source https://www.nytimes.com/2023/07/30/technology/russia-propaganda-video-games.html

When Executive Training Is Like Military Boot Camp

Work is war — or it can feel that way to certain executives. To meet the moment, they’re getting in a cockpit. source https://www.nytimes.com/2023/07/30/business/were-in-the-era-of-the-top-gun-ceo.html

Trader Joe’s Recalls: Cookies and Falafel ‘May Contain Rocks’

The California-based grocery chain issued a total of three recalls in one week over potential contaminants, including one for a broccoli cheddar soup that “may contain insects.” source https://www.nytimes.com/2023/07/29/business/trader-joes-recall-rocks.html

An Internet Veteran’s Guide to Not Being Scared of Technology

Mike Masnick, who founded Techdirt in 1998, writes for an influential audience of lawmakers, C.E.O.s and activists. Somehow, he’s still an optimist about the promise of technology. source https://www.nytimes.com/2023/07/29/technology/mike-masnick-techdirt-internet-future.html

After Affirmative Action Ruling, Legacy Admissions Take Center Stage

Schools have financial incentives to favor the relatives of alumni. source https://www.nytimes.com/2023/07/29/business/dealbook/affirmative-action-legacy-admissions.html

How a Breakup Budget Can Help Keep Retail Therapy in Check

We’re likely to spend more after a relationship ends. So why don’t we budget for it? source https://www.nytimes.com/2023/07/29/business/retail-therapy-breakup-budget.html

After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down

Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs. source https://www.nytimes.com/2023/07/28/business/bailout-trucking-firm-yellow-yrc-shutdown.html

Strike Leads Sony to Push Big Film Releases Into 2024

The union has barred members from publicizing their work, and without red carpets and the buzz machine in full swing, other studios are likely to follow. source https://www.nytimes.com/2023/07/28/business/actors-strike-movies.html

Judge Rejects Hong Kong’s Bid to Ban Pro-Democracy Song From Internet

The authorities sought a court injunction that could have pressured Google and other tech firms to remove “Glory to Hong Kong.” source https://www.nytimes.com/2023/07/28/business/glory-to-hong-kong-injunction.html

Europe’s Cities Rely on Age-Old Ways to Stay Cool as Heat Waves Intensify

Architectural styles and construction materials can significantly reduce the need for air-conditioning during heat waves, according to sustainable architecture experts. source https://www.nytimes.com/2023/07/28/world/europe/europe-heat-buildings-air-conditioning.html

Ford’s Profit Jumped in Second Quarter

The automaker made more money on trucks and sport utility vehicles but reported bigger losses on electric vehicles. source https://www.nytimes.com/2023/07/27/business/ford-motor-second-quarter-earnings.html

Citigroup Says Its Predecessors Benefited From Slavery

The bank’s latest historical review, done as part of its racial equity pledge, shows indirect ties rather than direct profits. source https://www.nytimes.com/2023/07/27/business/citigroup-slavery-history.html

Bill Geddie, a Creator of ‘The View,’ Is Dead at 78

His partnership with Barbara Walters began when he produced her prime-time specials. He later helped turn her idea for an all-female talk show into a long-running hit. source https://www.nytimes.com/2023/07/27/business/media/bill-geddie-dead.html

Facebook’s Algorithm Is ‘Influential’ but Doesn’t Necessarily Change Beliefs, Researchers Say

In four new studies, researchers found complicated results from experiments on Facebook’s and Instagram’s algorithms, suggesting there was no silver bullet to fixing the platforms. source https://www.nytimes.com/2023/07/27/technology/facebook-instagram-algorithms.html

More Income for the Supreme Court: Million-Dollar Book Deals

The deals have become highly lucrative for the justices, including for those who used court staff members to help research and promote their books. source https://www.nytimes.com/2023/07/27/us/politics/supreme-court-justices-book-deals.html

Jobs Sit Empty in the Public Sector, So Unions Help Recruit

Shortages of state and city personnel, especially those who must work on site, are so dire that unions are helping to get people in the door. source https://www.nytimes.com/2023/07/27/business/economy/local-government-jobs-unions.html

U.S. Moves to Improve Airplane Bathrooms for People With Disabilities

New regulations announced by the Transportation Department will mandate that more new planes have accessible lavatories, though the requirement will not take effect for years. source https://www.nytimes.com/2023/07/26/us/politics/airplane-bathrooms-disabilities-accessibility.html

White House Condemns Fox News Over Greg Gutfeld’s Holocaust Comments

In a debate over Florida’s African American history curriculum, Greg Gutfeld said Jews in Nazi concentration camps “had to be useful” to survive, remarks that the White House called “an obscenity.” source https://www.nytimes.com/2023/07/26/business/white-house-fox-news-holocaust.html

Fed Raises Rates After a Pause and Leaves Door Open to More

Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit. source https://www.nytimes.com/2023/07/26/business/fed-meeting-interest-rate-powell.html

Fed raises rates after a pause and leaves door open to more.

Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. The question now is: What comes next? source https://www.nytimes.com/2023/07/26/business/what-to-watch-at-the-fed-meeting.html

Tottenham Hotspur Owner Joe Lewis Is Charged in U.S. With Insider Trading

Federal prosecutors in Manhattan accused the British billionaire of illegally funneling nonpublic information to associates to trade on. source https://www.nytimes.com/2023/07/26/business/dealbook/joe-lewis-insider-trading.html

Hollywood Strike Leaves Influencers Sidelined and Confused

Despite not being in the actors’ union, many content creators are passing up deals to promote films or TV shows because they don’t want to be barred from the guild or face online vitriol. source https://www.nytimes.com/2023/07/26/business/media/actors-strike-influencers.html

Senate Targets China, Voting to Restrict Farmland Purchases and U.S. Investment

Senators voted overwhelmingly to block Chinese businesses from buying farmland and mandate that American investment in the country’s national security industries be tracked. source https://www.nytimes.com/2023/07/25/us/politics/senate-china-farmland-investment.html

PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year. source https://www.nytimes.com/2023/07/25/business/pacwest-deal-banc-of-california.html

Snap’s Sales Fall for the Second Time in a Row

The parent of Snapchat has grappled with an ad slump and the challenges of being a smaller social media company in an intensely competitive environment. source https://www.nytimes.com/2023/07/25/technology/snap-snapchat-earnings.html

TikTok Introduces Text-Only Posts

The social media app known for its short-form videos will now allow users to create posts that contain only words, competing with Threads and Twitter. source https://www.nytimes.com/2023/07/25/technology/tiktok-text-posts.html

Could the Next Pandemic Start at the County Fair?

Since 2011, there have been more human swine flu cases reported in the United States than anywhere else in the world. Most have occurred at farm-animal showcases. source https://www.nytimes.com/2023/07/25/health/swine-flu-pigs-agriculture.html

Tech Firms Once Powered New York’s Economy. Now They’re Scaling Back.

After years of steady growth, many technology companies are laying off workers and giving up millions of square feet of office space in the city. source https://www.nytimes.com/2023/07/25/business/economy/technology-companies-office-space.html

From Twitter to X: Elon Musk Begins Erasing an Iconic Internet Brand

The tech billionaire started removing the bird logo that has been part of Twitter’s identity since 2006. source https://www.nytimes.com/2023/07/24/technology/twitter-x-elon-musk.html

IRS to Stop Surprise Visits to Homes and Businesses

The end of a decades-long practice comes amid political backlash and increasing threats to agents. source https://www.nytimes.com/2023/07/24/us/politics/irs-surprise-visits.html

6 Hotels for a Quiet Summer Getaway

A guest ranch in Wyoming, a boutique hotel in Argentina’s wine country, a revamped beachside motel in New York: Here’s where to go if you want to ditch big-city crowds. source https://www.nytimes.com/2023/07/24/travel/summer-getaways-hotels.html

Why Elon Musk Rebranded Twitter as X

Rebranding the social network as X marks the billionaire’s latest gamble to reinvent the company, after buying it last year for $44 billion. source https://www.nytimes.com/2023/07/24/business/dealbook/twitter-x-musk.html

Hollywood Strikes Mean Steady Diet of Reruns, Game Shows and Reality TV

TV viewers across the U.S. will see fewer new scripted shows, a trend that could continue well into next year if the walkouts continue. source https://www.nytimes.com/2023/07/24/business/media/tv-strikes-series-delays.html

6 Hotels for a Quiet Summer Getaway

A guest ranch in Wyoming, a boutique hotel in Argentina’s wine country, a revamped beachside motel in New York: Here’s where to go if you want to ditch big-city crowds. source https://www.nytimes.com/2023/07/24/travel/hotels-for-a-quiet-summer-getaway.html

Elon Musk Says Twitter Will Change Its Logo

The tech billionaire indicated he would replace the company’s blue bird silhouette with an X. source https://www.nytimes.com/2023/07/23/business/elon-musk-twitter-logo.html

‘Barbie’ and ‘Oppenheimer’ Set a New Box Office High

With the biggest revenues since 2019, “Barbenheimer” gives the usual franchises a run for their money, selling out even predawn features. source https://www.nytimes.com/2023/07/23/movies/barbie-oppenheimer-box-office-numbers.html

Rethinking the Circus

Can Cirque du Soleil get Gen Z’s attention? source https://www.nytimes.com/2023/07/23/briefing/cirque-du-soleil-reinvention.html

How Modelo Beat Bud Light After a Decade of Transformation

A decade before Bud Light faced a conservative-led boycott over a transgender influencer, Modelo Especial was on track to take the No. 1 spot. source https://www.nytimes.com/2023/07/23/business/modelo-bud-light.html

Drugmakers Throw ‘Kitchen Sink’ to Halt Medicare Price Negotiations

The government will soon announce the first 10 medications that will be subject to price negotiations with Medicare under a new law. Drugmakers are fighting the measure in court. source https://www.nytimes.com/2023/07/23/us/politics/medicare-drug-price-negotiations-lawsuits.html

China’s Government Offers Love, but Entrepreneurs Aren’t Buying It

The government’s new 31-point guidelines meant to inspire confidence feel empty to businesspeople after a three-year clampdown and no concrete changes. source https://www.nytimes.com/2023/07/22/business/china-private-enterprise.html

Booz Allen Pays $377.5 Million to Settle Government Billing Case

The consulting firm was accused of falsely charging for expenses that should have been paid under its nongovernment contracts from 2011 to 2021. source https://www.nytimes.com/2023/07/21/business/booz-allen-billing-settlement.html

ESPN Is Said to Talk With Leagues About Taking Stake in Network

The Disney-controlled channel is trying to find a way forward in the streaming age and has had discussions with the N.F.L., the N.B.A. and Major League Baseball. source https://www.nytimes.com/2023/07/21/business/media/espn-talks-nfl-mlb-nba.html

Leon Black Agreed to Pay $62.5 Million to Settle Epstein-Related Claims

The private equity mogul struck a deal with the U.S. Virgin Islands to avoid a potential lawsuit over his ties to Jeffrey Epstein. source https://www.nytimes.com/2023/07/21/business/leon-black-settlement-jeffrey-epstein-claims.html

Actors’ Strike Leaves Celebrity Podcasts in Grey Zone

Rewatch podcasts and podcasts affiliated with Hollywood studios may violate union rules in letter or spirit. “Nobody really knows,” says Sophia Bush of “One Tree Hill.” source https://www.nytimes.com/2023/07/21/arts/actors-strike-podcasts-rewatch.html

A.I. Regulation Is in Its ‘Early Days’

While there has been a flurry of activity by the White House and lawmakers over artificial intelligence, rules for the technology remain distant, lawmakers and experts said. source https://www.nytimes.com/2023/07/21/technology/ai-united-states-regulation.html

Jury Awards $800,000 to a Girl Burned by a Chicken McNugget

The 7-year-old deserved to be compensated by McDonald’s for a second-degree burn caused by a wayward piece from a Happy Meal when she was 4, a Florida jury decided this week. source https://www.nytimes.com/2023/07/20/us/mcdonalds-nugget-lawsuit-florida.html

Tornado Rips Through North Carolina Pfizer Site, Damaging Drug Supplies

Extensive damage occurred at the company’s property in Rocky Mount, and many products used by hospitals appeared to have been affected. This could further exacerbate shortages. source https://www.nytimes.com/2023/07/20/health/tornado-pfizer-drug-shortage.html

SPAC Tied to Trump’s Media Company Will Pay $18 Million to Regulators

Digital World will pay a penalty to the Securities and Exchange Commission to settle an investigation into its planned merger with Trump Media & Technology Group. source https://www.nytimes.com/2023/07/20/business/trumps-media-settlement-sec.html

AMC Theater Chain to Stop Charging for Better Seats

The contentious initiative will be abandoned next month, though the company will roll out a new one involving lounge-style seating in the front rows. source https://www.nytimes.com/2023/07/20/business/amc-movie-theaters-ticket-prices.html

Wheat prices remain high as concern grows about Black Sea instability and disruption to the grain supply.

There’s a robust supply of grain globally, but a long-term disruption to exports from Ukraine and a reliance on fewer countries for grain could cause prices to become more volatile. source https://www.nytimes.com/2023/07/20/business/economy/black-sea-grain.html

Airlines Are Thriving as People Keep Traveling

Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices. source https://www.nytimes.com/2023/07/20/business/airlines-profits-summer-travel.html

China’s Addiction to Coal Deepens in the Heat

While pledging to reduce carbon emissions, the country is greatly increasing its use of the fossil fuel to generate electricity. source https://www.nytimes.com/2023/07/20/business/china-coal-climate-change.html

Kevin Mitnick, Hacker Who Eluded Authorities, Is Dead at 59

Mr. Mitnick, best known for a crime spree during the 1990s that involved the theft of computer data and credit card numbers, died from pancreatic cancer. He later became a security consultant, writer and public speaker. source https://www.nytimes.com/2023/07/20/technology/kevin-mitnick-dead-hacker.html

Google Tests A.I. Tool That Is Able to Write News Articles

The product, pitched as a helpmate for journalists, has been demonstrated for executives at The New York Times, The Washington Post and News Corp, which owns The Wall Street Journal. source https://www.nytimes.com/2023/07/19/business/google-artificial-intelligence-news-articles.html

Departures at Stanford and Northwestern Put Student Journalists in Spotlight

The president of Stanford and the head football coach at Northwestern left their positions after being scrutinized in campus newspapers. source https://www.nytimes.com/2023/07/19/business/media/college-newspapers.html

The Fed Slaps Deutsche Bank With a $186 Million Fine

The regulator said the German lender was too slow to comply with orders to address its money-laundering controls. source https://www.nytimes.com/2023/07/19/business/federal-reserve-deutsche-bank-fine.html

Health Insures Deny Medical Care for the Poor at High Rates, Report Says

Investigators found that major companies overseeing Medicaid patients’ health care frequently rejected doctors’ requests for approval of treatments and procedures. source https://www.nytimes.com/2023/07/19/health/health-insurance-medicaid-denials.html

Why Britain’s Mortgage Holders Are Being Squeezed

The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners. source https://www.nytimes.com/2023/07/19/business/why-britains-mortgage-holders-are-being-squeezed.html

Actors’ Strike Won’t Halt 39 Independent Projects, Union Says

SAG-AFTRA confirmed the productions had no ties to the Alliance of Motion Picture and Television Producers, which represents big studios. More exemptions could follow. source https://www.nytimes.com/2023/07/18/business/actors-strike-film-exemptions.html

Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84

He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis. source https://www.nytimes.com/2023/07/18/business/angelo-mozilo-dead.html

Gucci CEO Marco Bizzarri Is Stepping Down

The fashion label’s owner, the Kering group, unveiled a new roster of executives as it tries to begin a new chapter and leave the shadow of its rival, LVMH. source https://www.nytimes.com/2023/07/18/business/gucci-ceo-leaves-kering.html

Hollywood Directors Stand Apart From Actors’ and Writers’ Strikes

Their union agreed to a deal with the studios last month. With actors and writers on strike, the industry is shut down anyway. source https://www.nytimes.com/2023/07/18/business/media/hollywood-strikes-directors.html

Younger Generations of Passengers Consider the Cruise Option

Younger generations of passengers are venturing onto ships for the first time. And with sky-high airfares and expensive hotels on land, many are saving money. source https://www.nytimes.com/2023/07/18/travel/first-time-cruise-passengers.html

RSV Shot Is Approved for Infants

The respiratory virus is a global killer of babies and young children. source https://www.nytimes.com/2023/07/17/health/rsv-infants-fda.html

House Committee Targets U.C. Berkeley Program for China Ties

A House select committee is requesting more information about a university collaboration that it said could help China gain access to cutting-edge research. source https://www.nytimes.com/2023/07/17/us/politics/house-committee-berkeley-china.html

Wheat prices jump after Russia pulls out of the Black Sea grain deal.

Wheat futures rose more than 4 percent, raising fears of an increase in global food inflation. source https://www.nytimes.com/2023/07/17/business/wheat-prices-russia-ukraine-grain-deal.html

Ford Slashes Price of Electric F-150 Lightning as Demand Weakens

Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot. source https://www.nytimes.com/2023/07/17/business/ford-f150-lightning-electric-vehicle-prices.html

China’s Economy is Slowing, Posing a Challenge for Global Growth

New data published on Monday shows a post-pandemic recovery has not materialized after restrictions were lifted last year. source https://www.nytimes.com/2023/07/17/business/china-economy-slowdown-global-growth.html

Trauma financiero: qué es y cómo lidiar con él

Las penurias económicas o los gastos médicos pueden distorsionar los sentimientos y comportamientos de las personas en torno al dinero y causar que saboteen su futuro económico. source https://www.nytimes.com/es/2023/07/17/espanol/trauma-financiero-consejos.html

Labor Day Looms as Crisis Point in Hollywood Stalemate

Ongoing strikes could disrupt the entertainment industry in fundamental ways, putting the 2024 box office and the fall broadcast lineup in jeopardy. source https://www.nytimes.com/2023/07/17/business/media/hollywood-actors-writers-strikes.html

China’s Second-Quarter G.D.P. Shows Post-Covid Rebound Faltered

Government data shows gross domestic product growth slowed in the second quarter from earlier in the year, even though it rose over the same period in 2022. source https://www.nytimes.com/2023/07/16/business/economy/china-gdp-q2.html

‘Mission: Impossible’ for Tom Cruise: Meeting Hollywood Expectations

The seventh film in the 27-year-old movie franchise was No. 1 at the box office, taking in $80 million over its first five days. But the movie industry was hoping for more. source https://www.nytimes.com/2023/07/16/business/media/mission-impossible-tom-cruise-box-office.html

United Airlines and Pilots Agree on Deal Raising Pay as Much as 40%

The proposed four-year agreement would be worth $10 billion over the life of the contract. source https://www.nytimes.com/2023/07/16/business/united-airlines-pilots-contract.html

Sally Kempton, Rising Star Journalist Turned Swami, Dies at 80

She was making her name in New York journalism in the footsteps of her famous father and becoming an outspoken feminist when she met an Indian guru. source https://www.nytimes.com/2023/07/16/business/media/sally-kempton-dead.html

My Boss Made Me Post This

Your employer can put limits on what you put out on social media, but should not force you to spam your friends. source https://www.nytimes.com/2023/07/16/business/roxane-gay-work-advice.html

Janet Yellen Calls for Accelerating Debt Relief for Poor Nations

Debt distress will be a central topic of discussion as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India this week. source https://www.nytimes.com/2023/07/16/business/janet-yellen-india-g20.html

America’s Foreign Vacations Tell Us Something About the U.S. Economy

Prices are high, but Americans are opening their wallets for international flights and hotels. It’s the latest evidence of consumer resilience. source https://www.nytimes.com/2023/07/15/business/economy/inflation-travel-economy.html

Social Media Restrictions on Biden Officials Are Paused in Appeal

A Fifth Circuit panel temporarily lifted a judge’s order that had blocked the administration from contacting platforms about most of their content. source https://www.nytimes.com/2023/07/14/technology/biden-social-media-order.html

U.S. Virgin Islands Seeks $190 Million From JPMorgan in Epstein Lawsuit

The U.S. territory wants JPMorgan to pay damages for failing to spot Jeffrey Epstein’s activities on the island. source https://www.nytimes.com/2023/07/14/business/virgin-islands-jpmorgan-jeffrey-epstein.html

Despite Aspartame Warning, Beverage Companies Likely to Stick With It

A health agency warned the artificial sweetener may be a carcinogen, but others say that risk is overblown and consumers flock to the taste. source https://www.nytimes.com/2023/07/14/business/aspartame-drinks-reaction.html

Striking Actors Join Writers on Picket Lines in LA and NYC

In Los Angeles and New York, actors and screenwriters braved the heat to admonish the major studios and demand a new deal. source https://www.nytimes.com/2023/07/14/business/media/actors-strike-picket-lines.html

Strike Prevents Actors From Promoting Films at Premieres or Festivals

While on strike, actors are barred from publicizing any studio projects they’ve appeared in. Their absence could affect movie theaters and the festival circuit. source https://www.nytimes.com/2023/07/14/business/media/actors-strike-movie-promotion.html

What the Hollywood Actors and Writers Strikes Mean for TV and Movies

After two months without new late-night TV shows, viewers are likely to notice the effects of the dual walkouts more broadly within the next couple of months unless agreements are reached quickly. source https://www.nytimes.com/2023/07/13/business/hollywood-actors-writers-strike-tv-movies.html

Crypto Industry Secures Early Victory in Legal Battle With Regulators

A judge ruled that the sale of the cryptocurrency XRP on public exchanges did not violate securities law. source https://www.nytimes.com/2023/07/13/business/crypto-ripple-ruling.html

Elon Musk and Mark Zuckerberg Chase a Piece of the AI Boom

Both Musk, who once backed OpenAI, and Facebook’s parent company are set to unveil new services aimed at getting a piece of the artificial intelligence boom. source https://www.nytimes.com/2023/07/13/business/dealbook/ai-musk-zuckerberg-meta.html

How Netflix Plans Total Global Domination, One Korean Drama at a Time

As “Squid Game” showed, success with audiences around the world can come from a laser focus on local taste. source https://www.nytimes.com/2023/07/13/business/media/netflix-korea-asia-drama.html

Banana Republic Wants to Outfit Your Home, Too

Responding to a volatile market for work clothes, the retailer hopes that selling home goods will help stabilize its business. source https://www.nytimes.com/2023/07/13/business/banana-republic-home-goods-furniture.html

Hollywood Actors’ Strike Looms as SAG-AFTRA Says Contract Talks Collapse

SAG-AFTRA, representing 160,000 television and movie actors, could strike as soon as Thursday, joining screenwriters who have been picketing for over 70 days. source https://www.nytimes.com/2023/07/13/business/media/sag-aftra-writers-strike.html

Iger to Remain as Head of Disney Through 2026

The 72-year-old chief executive previously said he planned to leave when his contract ended at the end of 2024. source https://www.nytimes.com/2023/07/12/business/media/disney-bob-iger.html

Fox News Sued for Defamation by Man Linked to Conspiracy Theories

Ray Epps, a two-time Trump voter, says Tucker Carlson repeatedly and falsely named him as a covert government agent who incited the Jan. 6 attack. source https://www.nytimes.com/2023/07/12/business/ray-epps-fox-tucker-carlson-lawsuit.html

What the Microsoft-Activision Ruling Means for Deal-Making

Corporate leaders are feeling emboldened by another legal defeat for the Federal Trade Commission, though the agency may still fight to block the takeover. source https://www.nytimes.com/2023/07/12/business/dealbook/microsoft-activision-ftc-khan.html

Agriculture Dept. to Invest $300 Million to Measure Greenhouse Emissions

The agency is seeking to better monitor greenhouse gases released through farming, which is responsible for about 10 percent of national emissions. source https://www.nytimes.com/2023/07/12/us/politics/agriculture-department-emissions-climate.html

The Yield Curve Is Flashing a Recession Warning. Some Wonder if it’s Wrong.

The yield curve began suggesting last year that the economy was headed for a slump. source https://www.nytimes.com/2023/07/12/business/recession-yield-curve-rates.html

‘An Act of War’: Inside America’s Silicon Blockade Against China

The Biden administration thinks it can slow China’s economic growth by cutting it off from advanced computer chips. Could the plan backfire? source https://www.nytimes.com/2023/07/12/magazine/semiconductor-chips-us-china.html

The Energy Transition Is Underway. Fossil Fuel Workers Could Be Left Behind.

The Biden administration is trying to increase renewable energy investments in distressed regions, but some are skeptical those measures would be enough to make up for job losses. source https://www.nytimes.com/2023/07/12/us/politics/coal-gas-workers-transition.html

F.T.C.’s Lina Khan Faces Fresh Questions After Microsoft Ruling

Lina Khan has said a fear of defeat should not deter the agency from suing big tech companies. But after Microsoft won a ruling this week, her critics say that strategy is flawed. source https://www.nytimes.com/2023/07/11/technology/lina-khan-ftc-strategy.html

Nonprofit Buys 22 Newspapers in Maine

The National Trust for Local News will take over five of the six daily papers in the state and 17 weeklies. source https://www.nytimes.com/2023/07/11/business/media/maine-newspapers-nonprofit.html

At Auction American Cars Are Often Not Valued as Highly as their European Counterparts

Call it a lack of panache or sportiness, but U.S.-built autos don’t bring in the biggest money. source https://www.nytimes.com/2023/07/11/automobiles/collectibles/classic-cars-auction-prices-domestic-foreign.html

Tracing Minings Threat to U.S. Waters

Environmental concerns are raised anew about potential contamination from Canadian open-mit mines flowing through the waterways into Montana’s lakes, harming fish. source https://www.nytimes.com/2023/07/11/science/us-canada-mining-pollution.html

A Tiny Fish That Fuels a Healthy Atlantic Ecosystem Now Stirs Industry Debates

A mainstay of the commercial fishing industry, menhaden are the primary food source for all sorts of fish and birds along the Eastern Seaboard. source https://www.nytimes.com/2023/07/11/science/menhaden-chesapeake-bay-fishing.html

The SAG-AFTRA Union Could Strike in Hollywood This Week

If actors go on strike when their deal with studios ends on Wednesday, it will be the first time they and the writers have been out at the same time since 1960. source https://www.nytimes.com/2023/07/11/business/media/actors-sag-strike-hollywood.html

U.S. and E.U. Finalize Long-Awaited Deal on Sharing Data

The agreement ends legal uncertainty for Meta, Google and scores of companies — at least for now. source https://www.nytimes.com/2023/07/10/technology/us-eu-data-privacy-deal.html

How Biden Might Try to Cancel Student Debt Again

The administration proposed to use its “compromise and settlement” powers under the Higher Education Act of 1965. But what does that mean? source https://www.nytimes.com/2023/07/10/your-money/biden-student-loans-cancellation.html

Randall Stephensons Exit From PGA Tour Casts Pall on Saudi Deal

In resigning from the body’s board, Randall Stephenson said he could not support the group’s potential tie-up with its Saudi-backed rival. source https://www.nytimes.com/2023/07/10/business/dealbook/pga-stephenson-resign-saudi.html

How a Distant War Is Threatening Livelihoods in the Arctic Circle

The fighting in Ukraine has disrupted a region in northern Norway that had thrived on cross-border trade and cooperation with Russia. source https://www.nytimes.com/2023/07/10/world/europe/ukraine-war-arctic-circle.html

Why Chinas Young People Are Not Getting Married

Marriages in China are at a record low. Recent political and economic turmoil have added another reason to postpone tying the knot. source https://www.nytimes.com/2023/07/10/world/asia/china-marriage-rate.html

Where Does New York City Office Furniture Go?

Some office furniture in the New York City area has been caught in pandemic limbo. What happens to it if no one really wants it? source https://www.nytimes.com/2023/07/10/nyregion/office-furniture-nyc.html

The Case That Could Be Foxs Next Dominion

Tucker Carlson, before he was sidelined by Fox, repeatedly endorsed a conspiracy theory about an Arizona man, who may sue for defamation. Legal experts say it would be a viable case. source https://www.nytimes.com/2023/07/10/business/media/fox-news-defamation-ray-epps-tucker-carlson.html

Several Executives of P.R. Firm Joele Frank to Start Own Firm

The business of advising companies on corporate crises is growing, and so is the number of firms specializing in it. source https://www.nytimes.com/2023/07/09/business/dealbook/advisory-firms-joele-frank.html

BBC Suspends Male Staff Member After Report of Payments for Sexual Images

A report in The Sun newspaper said that an unnamed male presenter at the BBC had paid tens of thousands of pounds to a teenager in exchange for “sexually explicit photographs.” source https://www.nytimes.com/2023/07/09/world/europe/bbc-presenter-suspended-teenager-pictures.html

Henry Kamm Pulitzer-Winning New York Times Journalist Dies at 98

In a 47-year career at The Times, he covered Cold War diplomacy in Europe, famine in Africa and genocide in Indochina. source https://www.nytimes.com/2023/07/09/business/media/henry-kamm-dead.html

Janet Yellens Trip to China: 3 Takeaways

The U.S. Treasury secretary met with China’s new economic policy leaders and toned down Washington’s talk of “decoupling.” But the two nations remain at odds on many issues. source https://www.nytimes.com/2023/07/09/business/janet-yellen-china-trip.html

Janet Yellens Trip to China: No Breakthroughs But 10 Hours of Talks

Treasury Secretary Janet Yellen, after 10 hours of meetings with Chinese officials, said the two sides would pursue “more frequent communication” despite their deep differences. source https://www.nytimes.com/2023/07/09/business/janet-yellen-china-us.html

Yellen Urges China to Cooperate More on Climate Finance

Janet Yellen, the Treasury secretary, said China, the largest emitter of greenhouse gases, can have “greater impact” tackling climate change by working with other nations. source https://www.nytimes.com/2023/07/07/business/energy-environment/janet-yellen-beijing-climate.html

Evva Hanes Who Made Moravian Cookies World Famous Dies at 90

She made several varieties of the thin, crispy cookie in a factory next door to her home, and sold 10 million of them a year. source https://www.nytimes.com/2023/07/07/dining/evva-hanes-dead.html

Twitter Sues Law Firm Over $90 Million Payment in Elon Musk Deal

The lawsuit targeted Wachtell, Lipton, Rosen & Katz, a well-known Wall Street law firm, for “unjust enrichment” related to Mr. Musk’s $44 billion purchase of Twitter. source https://www.nytimes.com/2023/07/07/technology/twitter-sues-wachtell-lipton.html

Fed Rate Increases Hinge on Strength of Jobs and Economy

How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market. source https://www.nytimes.com/2023/07/07/business/economy/jobs-report-fed.html

Millions Danced Joyfully to Her Song. She Drew on Her Pain to Write It.

Nomcebo Zikode, the South African singer of the pandemic hit “Jerusalema” that inspired a global dance challenge, wrote the chorus while battling her own depression. source https://www.nytimes.com/2023/07/07/world/africa/jerusalema-nomcebo-zikode-south-africa.html

Gen X Is in Charge. Dont Make a Big Deal About It.

The original “latchkey kids” are grown up, in the boss’s seat and ready to make the rules. If that’s OK? source https://www.nytimes.com/2023/07/07/business/gen-x-in-charge-companies-chief-executives.html

U.S. and China by the Numbers

From movie theaters to military spending, here’s how one of the world’s most important economic relationships stacks up. source https://www.nytimes.com/2023/07/07/business/economy/us-china-relationship-facts.html

Janet Yellen Criticizes Chinas Treatment of U.S. Companies

Treasury Secretary Janet Yellen’s concerns reflected continuing tensions between the two countries. source https://www.nytimes.com/2023/07/07/business/yellen-china-companies-meetings.html

What to Know About Leqembi the Alzheimers Drug Approved by the FDA

Medicare will cover much of the cost for patients in the early stages of the disease, but Leqembi has safety risks and can only modestly slow cognitive decline. source https://www.nytimes.com/2023/07/06/health/leqembi-alzheimers-drug.html

F.B.I. Searched the Home of Krakens Jesse Powell

Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group. source https://www.nytimes.com/2023/07/06/technology/jesse-powell-kraken-crypto-fbi.html

FDA Makes Alzheimers Drug Leqembi Widely Accessible

The F.D.A. gave full approval to the drug, but added a black-box warning about safety risks. Medicare said it would cover most of the high cost. source https://www.nytimes.com/2023/07/06/health/alzheimers-leqembi-medicare.html

Threads Becomes Most Rapidly Downloaded App Raising Twitters Ire

Instagram’s new app was downloaded more than 30 million times in 16 hours. Twitter threatened legal action against its rival. source https://www.nytimes.com/2023/07/06/technology/threads-downloads-twitter.html

Chloé Bids Goodbye to Gabriela Hearst

The designer’s departure from the French fashion house is the latest in a string of exits at the top of the luxury industry this year. source https://www.nytimes.com/2023/07/06/fashion/chloe-gabriela-hearst-departure.html

A Summer Without Peaches in Georgia

With their state’s signature crop hobbled by inclement weather, Georgians are stretching the fruit they have or turning (heaven forbid!) to California’s. source https://www.nytimes.com/2023/07/06/dining/georgia-without-peaches-summer.html

Fed Officials Were Wary About Slow Inflation Progress at June Meeting

Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month. source https://www.nytimes.com/2023/07/05/business/economy/federal-reserve-june-minutes.html

Federal Officials Hatch a Three-Pronged Defense Against Another Tripledemic

This fall, Americans will be urged to get shots against the flu, Covid and, if they’re older, R.S.V. source https://www.nytimes.com/2023/07/05/health/vaccines-rsv-covid-flu.html

A Tech Checklist for the Dark Side of Summer Weather

This season has seen excessive heat, violent storms and hazardous smoke already, but you can prepare for future events with a few apps and tools. source https://www.nytimes.com/2023/07/05/technology/personaltech/summer-weather-apps.html

A Conservative Judge Complicates Bidens Social Media Policy

A judge’s decision to limit how the administration can interact with platforms could chill the White House’s efforts to utilize and police big tech. source https://www.nytimes.com/2023/07/05/business/dealbook/biden-policy-social-media.html

How Inflation and Interest Rates Vary Around the World

Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control. source https://www.nytimes.com/2023/07/05/business/economy/inflation-global.html

How Financial Trauma Affects Your Relationship With Money

Experiences like economic hardship or medical expenses can distort people’s feelings and behaviors around money, causing them to sabotage their financial futures. source https://www.nytimes.com/2023/07/05/business/financial-trauma-spending-debt.html

Meta Loses Appeal on How It Harvests Data in Germany

The ruling by the European Court of Justice clears the way for Germany’s top antitrust enforcer to block Meta from combining user data across its platforms. source https://www.nytimes.com/2023/07/04/business/meta-germany-data.html

Corporate Landscaping Opts for Native Plants Over Manicured Lawns

More companies are eschewing manicured grass in favor of native plants, a shift driven by the environmental costs of installing and maintaining lawns. source https://www.nytimes.com/2023/07/04/business/corporate-landscaping-native-plants.html

In Scotland Taking the Traditional and Making It New

Tartan, whisky, restaurants in the middle of nowhere — all are being reimagined in newly fashionable “Outlander” territory. source https://www.nytimes.com/2023/07/04/travel/scotland-restaurants-hotels-distilleries.html

Musk y Zuckerberg pelearán en una jaula? Tal vez no sea broma

Han ido avanzando las charlas en torno a un posible enfrentamiento en jaula entre los multimillonarios y pronto podría haber detalles del evento. source https://www.nytimes.com/es/2023/07/04/espanol/musk-zuckerberg-pelea-jaula.html

Yellens China Visit Aims to Ease Tensions Amid Deep Divisions

Mutual skepticism between the United States and China over a wide range of economic and security issues has festered in recent years. source https://www.nytimes.com/2023/07/04/business/economy/janet-yellen-china.html

Samsungs AI Moment Is Here but Is It Ready?

Foreign investors betting on artificial intelligence are pouring money into the company’s shares. Analysts say it will have a hard time keeping up with rivals. source https://www.nytimes.com/2023/07/04/technology/samsung-artificial-intelligence.html

New Uncensored Chatbots Ignite a Free-Speech Fracas

A new generation of chatbots doesn’t have many of the guardrails put in place by companies like Google and OpenAI, presenting new possibilities — and risks. source https://www.nytimes.com/2023/07/02/technology/ai-chatbots-misinformation-free-speech.html

Canada Offers Lesson in the Economic Toll of Climate Change

Wildfires are hurting many industries and could strain households across Canada, one of many countries reckoning with the impact of extreme weather. source https://www.nytimes.com/2023/07/03/business/economy/canada-wildfires-economy.html

Oil Prices Rise on Saudi and Russian Production Cuts

The major exporters announced production cuts amid concerns about weaker demand’s effects on prices. source https://www.nytimes.com/2023/07/03/business/saudi-arabia-russia-oil-cuts.html

As DeSantis Campaigns Disney Sees a Long Road Ahead

The company, long allergic to controversy, is likely to be the subject of very public and partisan criticism throughout the Republican primary. source https://www.nytimes.com/2023/07/03/business/disney-ron-desantis-criticism.html

Russia Seeds New Surveillance Tech to Squash Ukraine War Dissent

Russia is incubating a cottage industry of new digital surveillance tools to suppress domestic opposition to the war in Ukraine. The tech may also be sold overseas. source https://www.nytimes.com/2023/07/03/technology/russia-ukraine-surveillance-tech.html

Yellen to Visit China in Bid to Steady Economic Ties

The trip to Beijing will be her first as Treasury secretary and is intended to ease tensions between the world’s two largest economies. source https://www.nytimes.com/2023/07/02/business/janet-yellen-china-visit.html

Los Angeles Hotel Workers Go on Strike

The strike is part of a wave of recent labor actions in the nation’s second-largest metropolis, where high costs of living have made it difficult for workers to stay afloat. source https://www.nytimes.com/2023/07/02/us/los-angeles-hotel-workers-strike.html

Large Crack in Roller Coaster Beam Prompts Its Shutdown

A visitor to the North Carolina amusement park recorded a crack in a pillar of the ride, Fury 325, which is billed as one of the tallest of its kind. source https://www.nytimes.com/2023/07/02/us/north-carolina-roller-coaster-closed.html

Tesla Sales Surge as Tax Credits Fuel Demand

Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market. source https://www.nytimes.com/2023/07/02/business/tesla-second-quarter-sales-electric-vehicles.html

Frank Field Who Brought Expertise to TV Weathercasting Dies at 100

The first meteorologist to forecast the weather on New York television, he later became known for, among other things, publicizing the Heimlich maneuver. source https://www.nytimes.com/2023/07/02/business/media/frank-field-dead.html

New Uncensored Chatbots Ignite a Free-Speech Fracas

A new generation of chatbots doesn’t have many of the guardrails put in place by companies like Google and OpenAI, presenting new possibilities — and risks. source https://www.nytimes.com/2023/07/02/technology/ai-chatbots-misinformation-free-speech.html

American Made T-Shirts Are Having Their Best Year Yet

Flag-themed apparel and other Americana are always July Fourth favorites, but it now may matter more where those stars and stripes were stitched. source https://www.nytimes.com/2023/07/02/business/american-made-t-shirts-july-4th.html

American Made T-Shirts Are Having Their Best Year Yet

Flag-themed apparel and other Americana are always July Fourth favorites, but it now may matter more where those stars and stripes were stitched. source https://www.nytimes.com/2023/07/02/business/american-made-t-shirts-are-having-their-best-year-yet.html

If You Dont Have Anything Nice to Say Dont Be a Reference

Sometimes maximum awkwardness is worth it, if it means you can be honest. source https://www.nytimes.com/2023/07/02/business/roxane-gay-work-friend-advice.html

Musk Says Twitter Is Limiting Number of Posts Users Can Read

The change on Saturday came as thousands of users complained about getting an error message that they had “exceeded” their “rate limit.” source https://www.nytimes.com/2023/07/01/business/twitter-rate-limit-elon-musk.html

L.A. Workers Are Feeling Emboldened as Unions Pressure Employers in California

California union members are pressuring employers over wages in one of the nation’s most labor-friendly states. source https://www.nytimes.com/2023/07/01/us/workers-labor-unions-los-angeles-california.html

How Amazon Taught Alexa to Speak in an Irish Brogue

For Alexa to speak like a Dubliner, Amazon researchers had to crack a problem that’s vexed data scientists for years: voice disentanglement. source https://www.nytimes.com/2023/07/01/technology/how-amazon-taught-alexa-to-speak-in-an-irish-brogue.html